Baby Boomers: Higher Total Income, Less Spending

With average total income topping $100,000 per household, Baby Boomers (born 1946 – 1964) are well positioned for the future. Even though their percent growth in income has trailed that of the average U.S. household over the last five years, they still have total income over 9% higher than the average household and have managed to cut estimated discretionary spending about 3%. Let’s take a deeper look at how Baby Boomers’ likely financial wallet has changed.